Spoiler Alert... Canada's official legalization of pot was really, really good for cannabis producer Tilray. It announced Monday it sold a record 6,478 kilos of the stuff last year (double 2017's). And a third of its product is now used recreationally by Canada Joe and Jane.
Tilray doesn't smoke alone... One of the biggest reveals in Monday's earnings report is that Tilray's putting serious money into a new project with a new partner: Budweiser-owner AB-InBev. They're each tossing in $50M to cook up CBD-infused drinks to replace your Four Loko memories.
Tilray doesn't chill... It's got its hands in so many pot projects worldwide — it's borderline peer-pressure.
- Tilray expanded its partnership with Swiss pharmaceutical icon Novartis to package and ship medicinal cannabis everywhere it's legal.
- Its medical cannabis products are expected to help 100K German patients this year.
- And it's tripling the size of its Greenhouse-cultivated production in Portugal to keep up with all that love across the pond.
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